Greek banks are well prepared to face market upheavals and are poised for yet another banner year in profits, two ratings agencies, Morningstar DBRS and Scope Ratings, agree.
DBRS notes that the “big four” Greek banks (Alpha, Eurobank, National and Piraeus) posted first half results that showed strong fundamentals, durable profitability, quality assets, strong credit growth and healthy capital and financing positions.
Morningstar DBRS says that external risks will remain high but the Greek banks are well positioned to absorb any shocks.
Scope Ratings expects the big four to expand their profits in the second half of 2026 thanks to constant loan growth, even higher growth in bank fees, high profit margins and moderate risk costs.
According to DBRS, the four banks posted total net half-year profits of €2.4 billion, 2% higher on an annual basis or 11% if extraordinary expenses are excluded.
